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I just talked about bank owned homes the other day and at the end I said interest rates were low, low, low! Well last night on the news it mentioned just how low they are right now. I feel obligated to tell you about it again!

Interest rates have dropped to the lowest they have been since long term-mortgages began in the 1950’s. A 30-year fixed rate dropped to an average of 3.62%, mortgage buyer Freddie Mac said on Thursday, July 5, 2012. A 15-year mortgage, a popular refinancing option, slipped to an average of 2.89%.

Let me know of anything else that important to you, like location, price, # of bedrooms, number of bathrooms, etc. I will get a search set up and we will arrange a time, through email or phone, to go take a look at a few.

Since the housing bubble burst there have been a lot more bank owned homes on the market. This has created a new market for investors. Currently I’m working with several investors who are buying condos and houses for under $100,000’s, turning them into rentals. But this has also been a bonus to the homeowners who either want to buy their first home or current owners who want to move up.

If ever there was a call to action now is the time. There are number of bank owned homes in the Denver metro area. There are 354 bank owned homes on the market as of July 3, 2012. Another 71 government owned homes in the Denver metro area. Bank Owned Denver Homes can help you find that house. As an off shoot of Cool Denver Homes, we saw the need to provide bank owned homes as they come on the market.

We also ask for the area of Denver, Northwest Denver such as Lohi and northwest Highlands, Denver northeast such as Park Hill, Curtis Park and Stapleton. Denver Southeast, Lowry, Washington Park, Cherry Creek and Country Club. Denver Southwest, like Golden Triangle, Barnum and Baker and finally downtown Denver such as Lodo, Downtown Denver and Ball Park.

Let me know of anything else that important to you, like price, # of bedrooms, number of bathrooms, etc. I will get a search set up and we will arrange a time, through email or phone, to go take a look at a few.

Even with the market coming back and inventory low, there are still good deals out there, not to mention interest rates are low, low, low!